Acquisitions in Spain

Alantra Private Equity closed a €155 million single-asset healthcare continuation vehicle to increase its stake in Health in Code, a Spanish clinical genomics platform, while providing liquidity to existing investors in Alantra Private Equity Fund III. The continuation fund was led by Hayfin Capital Management with additional institutional commitments including BNP Paribas AM and Altamar CAM, and Mérieux Equity Partners joined as a 20% minority shareholder via its Mérieux Participations 4 fund to support international expansion and acquisitions.

Doctrine, a European legal AI platform, has acquired Maite.ai, a leading legal AI provider in Spain, marking Doctrine’s entry into the Spanish market. The transaction expands Doctrine’s footprint across France, Germany, Italy, Spain and Luxembourg and increases its customer base to about 27,000 legal professionals. Maite.ai will retain its brand, headquarters and team, with additional hiring planned to support growth in Spain.

DAR Investment Management, a private investment firm, acquired a controlling interest in Intecsa Engineering Group, a global engineering and consulting firm. Intecsa’s management team and employees will retain a significant ownership stake, with DAR providing strategic and financial support to accelerate Intecsa’s expansion in the United States.

Stirling Square Capital Partners’ portfolio company Sustainable Agro Solutions (SAS Group) acquired Ceres Biotics to expand its microbial biosolutions platform and enhance its R&D capabilities in microorganisms. Ceres Biotics, headquartered in Spain, adds a portfolio of more than 550 proprietary microbial strains and commercial activity across more than 20 countries; financial terms were not disclosed.

Goparity, a Lisbon-based impact investment and crowdfunding platform, acquired Spain-based impact crowdfunding platform Bolsa Social to strengthen its position in the Iberian market. The deal expands Goparity’s offering beyond lending into equity crowdfunding (initially continuing to host new equity offerings on Bolsa Social’s platform as integration progresses). Financial terms were not disclosed.

BNP Group, an air transportation design and engineering firm backed by Godspeed Capital Management, acquired Airport Gurus, an aviation consultancy specializing in airport ICT consulting and airport business operations planning. The deal expands BNP’s capabilities in digital technology modernization, airport systems development, and operations planning while strengthening its presence in Europe and South America. Financial terms were not disclosed.

Inke, backed by Keensight Capital, has acquired Pharmanoid, a highly potent active pharmaceutical ingredient (HPAPI) manufacturing site focused on ophthalmology. Pharmanoid was acquired from Gentec Pharmaceutical Group and will expand Inke’s HPAPI portfolio beyond respiratory APIs, strengthening its capabilities in complex APIs for global pharmaceutical customers.

Oakley Capital Fund VI is investing in Paraty Tech, a Spain-based cloud platform that helps hotels drive direct demand by managing reservations, pricing, and availability across online and offline channels. Founded in Malaga in 2012, Paraty Tech serves independent hotels and chains across Iberia with a growing presence in Latin America and the United States. Oakley will support Paraty Tech’s international expansion and potential strategic acquisitions in the fragmented travel technology market.

Sustainable Agro Solutions (SAS Group), backed by Stirling Square Capital Partners, acquired a majority stake in Agroquímica Codiagro (Codiagro), a Spanish producer of biostimulants and specialty plant nutrition solutions. The deal supports SAS Group’s strategy to expand its biosolutions platform, enhancing technology and product offerings and strengthening its presence in Spain and other international agricultural markets. Financial terms were not disclosed.

TPG, via its global impact investing platform The Rise Funds, made a significant minority investment in Healthcademia to support the company's next phase of growth in healthcare education. The investment brings TPG in alongside existing majority shareholder G Square Capital, with proceeds intended to fund organic expansion and potential acquisitions across Europe and the Americas.

Zadarma announced it has acquired Megacall, a VoIP provider headquartered in Malaga, Spain, to expand its European cloud communications footprint. Megacall customers are expected to gain access to Zadarma’s broader cloud communications suite, including cloud PBX, virtual numbers, integrations, and speech analytics/AI tools, with no service interruption during the transition.

Registrar Corp, a Paine Schwartz Partners portfolio company providing regulatory compliance and technology solutions, acquired CMC Medical Devices (CMC). CMC Medical Devices is a Spain-based provider of medical device and in vitro diagnostic (IVD) regulatory, clinical, and compliance consulting services, expanding Registrar Corp’s global capabilities and market reach.

BioIVT announced the acquisition of BeCytes Biotechnologies, a Barcelona, Spain-based provider specializing in coordinating the collection, processing, and distribution of human tissues and cells for biomedical research. The deal expands BioIVT’s European footprint and strengthens its capabilities in ethically sourced biospecimens—particularly primary hepatocytes—supporting New Approach Methodologies (NAMs) and ADME research. Financial terms were not disclosed.

TiLT Capital Partners acquired a 38% stake in Spain-based Negratín Global Services, alongside SWEN Capital Partners, to support Negratín’s next phase of growth. The investment is intended to help Negratín deliver larger-scale renewable energy projects as a general contractor, accelerate the rollout of its own solar (photovoltaic) plants, and expand internationally.

An affiliate of H.I.G. Capital (H.I.G. Infrastructure) has completed the sale of EYSA Group to Tikehau Investment Management SAS. EYSA, headquartered in Madrid, Spain, will continue to be led by its existing management team as it expands its smart and sustainable mobility solutions platform across Spain and internationally.

Hitachi Energy completed the acquisition of the remaining stake in eks Energy, taking full ownership of the power electronics and control solutions provider for energy storage applications. Hitachi Energy had previously acquired a majority stake in eks Energy in 2023, and the transaction is intended to strengthen its power conversion and energy storage capabilities and accelerate innovation for grid stability.

zvoove announced the acquisition of Nivel IV, a leading software provider for Spain’s temporary staffing industry. With Nivel IV (and following zvoove’s 2024 acquisition of Freematica), zvoove strengthens its position and becomes the market leader in Spain for software and AI solutions serving temporary staffing agencies.

Tether Ventures, Tether’s investment arm, acquired a minority stake in Bit2Me and is leading an investment round expected to total €30 million. The financing is intended to support Bit2Me’s expansion across the European Union and strengthen its operations in Argentina and other Latin American markets.

MHP closed its acquisition of over 92% of Grupo UVESA, a major Spanish vertically integrated producer in poultry and pork. The deal, originally signed in March 2025, completed after the accession period to the SPA and receipt of multiple regulatory approvals, and was settled in cash at closing with a fixed price of EUR 225 per share plus contingent consideration of up to EUR 21.43 per share.

Stonepeak launched JouleTerra, an independent European land aggregation platform that will acquire and lease land for renewable energy sites under long-term contracts. As its initial transactions, JouleTerra made investments in Electric Land and Solaria’s Generia Land to build a diversified portfolio of grid-connected, development-ready sites across Europe.

ROUVY, an indoor cycling app company based in Prague, Czechia, completed the acquisition of Spain-based BKOOL for an undisclosed sum. BKOOL will continue to operate as a standalone brand within the “ROUVY Group,” with ROUVY indicating it plans to retain BKOOL’s employees and stabilize the platform while leveraging complementary route-creation technology.

Mateco has acquired Sergruco, a Spanish crane, MEWP (aerial work platform), and construction equipment rental company, to support the rollout of Mateco’s General Equipment Rental Division in Alicante, Alcoy, and Valencia. The deal expands Mateco’s geographic coverage to include Spain’s province of Teruel and strengthens its broader strategic growth plan across the Iberian Peninsula.

Apheon acquired a majority stake in Longwood, a Spanish distributor and provider of high value-added in-vitro diagnostics (IVD) equipment, solutions, and services for hospital and laboratory customers. Longwood founder and chairman Antonio Raichs and CEO Miguel Giralt will remain invested and continue leading the business as Apheon supports organic expansion and potential M&A to build a broader platform in Spain and abroad.

Miura Partners, through its Miura Impact Fund, has entered the share capital of Grup PMP via a capital increase to support the company’s growth. The investment is intended to accelerate Grup PMP’s expansion across Spain and strengthen its position in sustainable industrialized (modular) residential construction. Founder and CEO Montse Pujol will continue to lead the business following the transaction.

ASSA ABLOY acquired Calmell, a Spain-based manufacturer of smart cards, smart paper tickets, and magnetic tickets. Calmell, headquartered in Barcelona, will be integrated into ASSA ABLOY’s HID business area within Identification Technologies to strengthen its smart card and public transportation ecosystem offerings.

CERTANIA (via CERTANIA Holding GmbH) has acquired/integrated Bioarray, a Spanish diagnostic and research laboratory specializing in advanced genetic testing. The transaction expands CERTANIA’s Testing, Inspection & Certification and laboratory services footprint in life sciences and clinical diagnostics, while Bioarray’s management team—led by cofounder Andrés Antón Salas—will continue to run the business from its headquarters in Elche (Alicante), Spain.

Safe Life, a global provider of public access life-saving solutions, acquired Madrid-based Salvavidas Cardio, a leader in Spain’s automated external defibrillator (AED) market. The deal expands Safe Life into Spain and adds Salvavidas’ subscription-based AED monitoring, maintenance, and training services to the group’s offering.

Epassi Group, a European provider of employee benefits technology, has acquired VIP District, a rewards and employee engagement platform headquartered in Madrid, Spain. The deal expands Epassi’s footprint in Southern Europe—strengthening its presence in Spain and Portugal—and combines Epassi’s multi-benefit platform with VIP District’s engagement and rewards capabilities.

Miura Partners invested alongside the founders of Centro Psicosanitario Galiani (Seville) and Orientak (Madrid) to launch a national growth and consolidation platform in Spain’s mental healthcare and emotional wellbeing sector. The initiative is intended to combine add-on acquisitions of established regional/specialty centers with organic expansion, talent recruitment, and technology investment to build a leading nationwide group.

Miura Partners has sold its majority stake in Tekman Education to Impact Partners, Inveready and Generali, who acquire a majority position alongside Tekman’s founding team. Tekman, founded in Barcelona, provides innovative K-12 math and language programs and serves over 500,000 students across Spain and Latin America. The founders reinvest in the business to support continued growth under the new shareholder group.

Miura Partners has partnered with Saesco Medical via a capital increase to support Saesco’s international growth and consolidation in European medical device distribution for minimally invasive surgery. As part of the transaction, Saesco Medical is also acquiring Cardiolink, a Barcelona-founded distributor of specialized medical devices active in Spain and Portugal.

Midea Group has successfully completed the acquisition of Teka Group (excluding Teka Rus LLC), a multinational manufacturer of home appliances and kitchen products. The deal, first announced in June 2024, is intended to accelerate Teka’s expansion into new product categories and markets by leveraging Midea’s technology, innovation, and manufacturing scale while strengthening Teka’s brands Teka, Küppersbusch, and Intra.

P10, Inc. entered into a definitive agreement and subsequently completed the acquisition of Qualitas Equity Funds SGEIC, S.A. ("Qualitas Funds"), a Madrid-based alternative investment solutions provider focused on the European lower-middle market. The deal values the initial consideration at $63 million (cash and P10 stock), with up to $35 million of additional earnout potential tied to future fundraising; Qualitas Funds has approximately $1 billion in fee-paying AUM and serves over 1,300 limited partners.

Azelis Group NV acquired 100% of the shares of Solchem Nature S.L., strengthening Azelis’s position in the Spanish nutraceutical ingredients market. Based in Barcelona, Solchem adds an established portfolio of premium nutraceutical ingredients and formulations and a customer base of over 250 nutraceutical customers, expanding Azelis’s EMEA-wide nutraceutical platform.

Banyan Software has acquired Touchstream, a SaaS provider of proactive monitoring solutions for OTT live streaming. Founded in 2013 in Melbourne, Touchstream operates primarily from Barcelona and supports broadcasters, streaming platforms, and telecommunications providers globally with products including CDN Monitoring, VirtualNOC, dVQA, and eVQA.

PAI Partners agreed to acquire Nuzoa, an Iberian distributor of animal health products and services, from Abac Capital. The transaction will be executed through PAI’s Mid-Market Fund and is subject to customary closing conditions and regulatory approvals.

LTP, an institutional prime brokerage specializing in digital asset markets, announced the full acquisition of Spain-based Turing Capital Brokerage (TCB), a Bank of Spain–licensed MiCA-regulated crypto brokerage. Following the deal, TCB will be renamed Liquidity Technology S.L. ("LTP Spain") to support LTP’s expansion across Europe and offer compliant digital asset brokerage services under the MiCA framework.

Lumu, a cybersecurity company known for its Continuous Compromise Assessment offering, acquired Maltiverse, a Spain-based threat intelligence company. The deal strengthens Lumu’s real-time threat intelligence capabilities by integrating Maltiverse’s curated threat feeds and indicators of compromise, and supports Lumu’s expansion into the Iberian region as a step toward broader European growth.

AXAITRA Group, a pan-European IT services group focused on cloud and AI services, has acquired Zertia Telecomunicationes S.L., a Spanish managed service provider and Microsoft partner. Founded in 2005 and headquartered in Madrid, Zertia serves medium-sized companies across Spain and will strengthen AXAITRA’s AI services offering and customer base in the region.

Waterland Private Equity has acquired a significant stake in Auren, a Spain-based multidisciplinary professional services firm offering audit, legal advisory, consulting, and corporate finance services. The partnership is intended to accelerate Auren’s growth, international expansion, technology investment, and a buy-and-build strategy while maintaining partner-led governance, and is subject to approval by Spain’s CNMC.

ARX (formerly Pini Group), a Switzerland-based engineering and infrastructure group, acquired Spanish structural engineering consultancy Carlos Fernández Casado S.L. (CFC). The deal adds CFC’s specialized bridge and complex structural engineering capabilities and expands ARX’s presence in Spain while supporting its focus on core European and North American markets.

Eurazeo entered exclusive negotiations to invest in Mapal, acquiring a majority stake from PSG Equity. Mapal’s management team and employees will invest alongside Eurazeo, while PSG Equity will retain a minority stake, subject to customary conditions and regulatory approvals.

Fastbreak AI acquired Barcelogic, a European provider of sports schedule optimization solutions, to expand Fastbreak AI’s international footprint and accelerate growth across Europe. As part of the deal, Barcelogic’s customers will transition to the Fastbreak Pro platform, enhancing scheduling, operations, and broadcast-driven optimization capabilities for professional sports leagues.

Multiply Group PJSC agreed to and subsequently completed an investment via capital increase to obtain a controlling 67.91% stake in Castellano Investments S.à r.l., the owner of Tendam Brands S.A.U. and other subsidiaries (Tendam). CVC Funds and PAI Partners, investing through Llano Holdings S.à r.l. and Arcadian Investments S.à r.l., respectively, sold down and will remain minority shareholders. The transaction was valued at approximately AED 5.6 billion (€1.3 billion) enterprise value and establishes Tendam as the anchor/platform for Multiply Group’s new Retail & Apparel vertical.

Sweden-based pet-food supplier The Nutriment Company (TNC) has acquired Puromenu, a Spanish producer of raw and fresh pet food, expanding TNC into the Spanish market. Financial terms were not disclosed. TNC is owned by Nordic private equity firm Axcel and described the deal as part of its strategy to enter strategic, high-growth regions.

Waterland Private Equity entered into a definitive agreement to acquire a majority stake in INCOSA, a Spain-based engineering consulting services firm. INCOSA’s current shareholder and existing top management team will remain involved, continuing to lead day-to-day operations while retaining a significant minority stake. The partnership is intended to accelerate INCOSA’s growth by expanding service offerings, enhancing technical capabilities, and supporting organic and inorganic expansion.

Leadec, a Triton Fund IV portfolio company, acquired Spain-based Manteniments Industrials Servycat 2017, S.L.U. and Electro Servycat, S.L., effective January 2, 2025. The acquisition expands Leadec’s technical maintenance and installation capabilities and broadens its customer base, particularly in the food and beverage sector in Catalonia.

Devir Group has agreed to acquire 100% of Spanish board game publisher Maldito Games. Devir will maintain the Maldito Games brand while using the combination to expand distribution and grow sales of Maldito’s 300+ titles across Spain and Latin America. The deal expands Devir’s catalog to more than 600 active Spanish-language titles and strengthens its position in the board game publishing market.

ATG Entertainment acquired SOM Produce, a leading theatre producer, operator, and distributor in Spain; financial terms were not disclosed. The deal expands ATG’s European live entertainment footprint and strengthens its theatre distribution network in the Madrid market. ATG Entertainment is majority owned by Providence Equity Partners.

The Riverside Company announced that an affiliated European fund has invested in a controlling stake in Essential Compositions, a Spanish developer and manufacturer of fragrances. The Catalá family will reinvest alongside Riverside, and Riverside plans to support international expansion and pursue a buy-and-build strategy in the fragmented flavors and fragrances market.

StatLab Medical Products has acquired Especialidades Médicas Myr, S.L. ("Myr"), a Spanish manufacturer of histology equipment. The deal adds Myr’s equipment portfolio, manufacturing capabilities near Tarragona, and its global distributor network to help StatLab expand its international footprint and distribution channels, including in developing regions.

Sonaca reached an agreement to acquire a 51% stake in Aciturri’s aerostructures activities, supported by Sonaca’s historic shareholders Wallonie Entreprendre and SFPIM. The deal combines Sonaca’s metal aerostructures capabilities with Aciturri’s composite structures expertise to form a larger European aerostructures group, subject to regulatory approvals.

Ampersand Capital Partners made a growth equity investment in VIVEbiotech, a lentiviral vector contract development and manufacturing organization (CDMO). The investment will support expansion of VIVEbiotech’s manufacturing capabilities in San Sebastián, Spain, and help fund execution of its customer project pipeline in cell and gene therapy.

Charterhouse Capital Partners has agreed to acquire Metrodora, a Spanish education group focused on training healthcare professionals, from Magnum Capital. Charterhouse will invest alongside founder Jordi Roche, who will remain a significant investor, to support Metrodora’s next stage of growth; the deal is subject to regulatory approval.

Gersh, a talent agency and portfolio company of Crestview Partners, acquired Madrid-headquartered global sports and entertainment agency You First to expand into sports representation and consulting and to build a larger global footprint. The deal is expected to roughly double Gersh’s size to 600+ employees and expand its presence to 22 offices across 14 countries. The acquisition financing included equity from existing shareholders and a new senior credit/term loan facility led by Monroe Capital; financial terms were not disclosed.

Partners Group, acting on behalf of its clients, acquired a majority stake in BLUESEA Hotels, a Spanish hospitality platform, in partnership with Portobello Capital. Headquartered in Palma de Mallorca, BLUESEA operates 25 three- to four-star hotels across major Spanish tourist destinations, and the new owners plan to drive value through refurbishments, operational improvements, ancillary service expansion, and further hotel acquisitions.

MDS, part of The Ardonagh Group, has acquired Cobian Insurance Brokers, an insurance brokerage focused on commercial insurance in areas including industrial risks, energy, construction, and financial lines. Cobian, founded in 2018 and headquartered in Madrid, will continue under the leadership of CEO Pablo Cobián as part of MDS’s effort to strengthen its Iberian platform and expand in Iberian and Latin American markets.

Miura Partners has signed an agreement to acquire HTBA (HealthTech Bioactives), a Barcelona-headquartered global producer of natural ingredients including citrus flavonoids and active forms of vitamin B12. HTBA serves pharmaceutical, nutraceutical, food and beverage, and animal nutrition markets, with manufacturing in Murcia, Spain and an operations center in Cincinnati, Ohio. The transaction is pending approval by the Spanish regulator.

CVC DIF has agreed to acquire a 100% stake in Adam Ecotech, a colocation data centre operator with facilities in Madrid and Barcelona. The business is being acquired from Ogic Informatica, marking CVC DIF’s first European investment in the data centre sector and providing a platform for expansion across Spain and broader Europe.

Ball Corporation acquired Alucan, a European provider of extruded aluminum aerosol and bottle technology, to expand its sustainable impact-extruded aluminum packaging capabilities in Europe. The deal adds manufacturing facilities in Llinars del Vallés (Barcelona), Spain and Lummen, Belgium, strengthening Ball’s global extruded aluminum aerosol and bottle business and supporting broader reuse/refill packaging offerings.

Kiloutou acquired ToolQuick Alquiler S.L. to strengthen its position in Spain and expand its footprint across the Iberian peninsula. The deal supports Kiloutou’s broader European territorial expansion strategy and follows the growth plan accelerated by Dentressangle and HLD’s arrival in 2018.

Jacobs Holding agreed to acquire a majority stake in ILERNA, a leading Spanish provider of accredited online vocational education and training (VET), to support further expansion of its programs, technology, and physical footprint. ILERNA is being acquired from Skill & You (a portfolio company of IK Partners), and the transaction is supported by a unitranche financing package co-arranged by CVC Credit and CAPZA.

VyOS Networks announced the successful acquisition of Sentrium SL, which will be integrated and operate as VyOS Networks Iberia. The deal strengthens VyOS Networks’ presence in Spain by adding local technological expertise and establishing a Spanish subsidiary to manage projects in the country.

Avania, a global medical technology contract research organization (CRO) and advisory services partner, announced the acquisition of Anagram. Headquartered in Barcelona, Anagram is a leading MedTech CRO in the Iberian Peninsula, adding diagnostic imaging core lab capabilities and expanding Avania’s geographic footprint and therapeutic expertise in Southern Europe.

Bureau Veritas announced the acquisition of IDP Group, an independent provider of BIM (Building Information Modeling), project management assistance, and Digital Twin services. The deal strengthens Bureau Veritas’ Buildings & Infrastructure digital capabilities and positions IDP Group as a new Bureau Veritas Global Technical Center for BIM and Digital Solutions across Buildings & Infrastructure and Energy.

Aurica Capital announced the sale of 100% of its equity stake in Babel after four years as a shareholder. The transaction results in Mubadala Capital becoming the new investor, supporting Babel’s next phase of international growth in digital transformation and IT services.

Marex Group announced it has completed the acquisition of Dropet, a Spain-based biofuels company. The deal expands Marex’s environmental products business by adding Dropet’s execution capabilities in physical and paper biofuels (including ethanol) across multiple regions and its established biofuels conference.

Neinor Homes agreed to acquire a 10% stake in Promociones Habitat, S.A. (Habitat Inmobiliaria) from Merak IMS, S.L., a holding company controlled by funds managed by Bain Capital. The parties also formed a €700 million joint venture under which Neinor will provide development and management services for Habitat’s ongoing developments and land bank in Spain.

ProductLife Group (PLG), a global life sciences consulting and outsourcing provider, acquired Outcomes'10, a Spanish market access and HEOR consulting firm. Outcomes'10 strengthens PLG’s European market access capabilities—adding Spanish expertise across pricing & reimbursement, health economics and outcomes research, and real‑world evidence/data generation—supporting PLG’s ambition to build a global market access offering.

zvoove, a European software provider for temporary staffing and other blue-collar industries, has acquired Freematica, a leading SaaS ERP provider for temporary staffing, security, and cleaning agencies in Spain. The deal strengthens zvoove’s position in Europe by entering the Spanish market and expands its reach into the Americas through Freematica’s offices in Mexico and Colombia.

Oakley Capital-backed Alerce has acquired WeMob, a fleet management and telematics SaaS provider in Iberia. The deal is Alerce’s first bolt-on acquisition and expands its transport and logistics software offering with vehicle tracking, diagnostics, and driver activity monitoring capabilities. WeMob’s management team will continue to lead the business.

Carlyle has agreed to invest in SEIDOR, a Barcelona-headquartered technology services and solutions consultancy. The investment will be made through Carlyle Europe Technology Partners V, with proceeds intended to support SEIDOR’s growth initiatives including management strengthening, product innovation, go-to-market evolution, and operational efficiencies. Financial terms were not disclosed.

Calibre Scientific acquired ACEFE, S.A.U. (ACEFESA), a Barcelona-based distributor of laboratory consumables and equipment serving biotechnology, molecular biology, pharmaceutical, and veterinary end markets. The deal marks Calibre Scientific’s fifth acquisition in Spain and expands its distribution footprint and product portfolio across the Iberian Peninsula.

CTAIMA and e-coordina agreed to join forces, combining their contractor management, health & safety, ESG, and compliance software and services businesses in Spain/Iberia. As part of the transaction, Hg will become a strategic investor in the combined company to support growth, product expansion (including GenAI integration), and international expansion. Financial terms were not disclosed.

Nexxus Iberia Private Equity Fund II ("Nexxus") acquired CONTENUR, a manufacturer and servicer of municipal waste-collection and recycling containers, from ACON (ACON Southern Europe Advisory, S.L./ACON Investments) in a full divestment of ACON’s interest. Schroders and the European Investment Fund (EIF) joined as equity partners alongside Nexxus, while CONTENUR’s existing management team will continue to lead the business and remain significant shareholders. CONTENUR will remain headquartered in Getafe (near Madrid), Spain; financial terms were not disclosed.

Cándido Miró, the owner of flagship olive brand Serpis and a portfolio company of Miura Partners, has acquired the brands Ibérica and Maestro de Oliva. The acquisitions expand the group’s international presence, leveraging the targets’ strength in Europe and the Asia-Pacific region. Following the deal, Miura Partners created the holding Olive&Co as a platform to consolidate the olives and healthy snacks market through further brand acquisitions.

Room Mate Hospitality & Leisure, S.L. (Room Mate Hotels) announced the acquisition of Staying Valencia, a portfolio of 10 boutique hotels and aparthotels in Valencia, Spain. Backed by its owners TPG Angelo Gordon and Westmont Hospitality (which acquired Room Mate Hotels in 2022), Room Mate plans to integrate and rebrand the properties as part of its continued expansion across Spain and Europe.

Providence Equity Partners agreed to divest part of its stake in Globeducate to Wendel, making Wendel a new partner in the international K-12 education group. Following closing (expected in the second half of 2024, subject to regulatory approvals), Providence and Wendel will each own approximately 50% of Globeducate.

Cinven has agreed to acquire a majority stake (70%) in idealista, the leading online real estate classifieds platform in southern Europe, in a transaction valuing the business at €2.9 billion. Funds advised by Oakley and Apax, along with EQT, are selling shareholdings, while EQT will retain an 18% minority stake and founder/CEO Jesús Encinar will also retain his stake and continue to lead the company. CVC Credit provided debt facilities to support Cinven’s acquisition, which is subject to customary/regulatory approvals and closing conditions.

Charterhouse Capital Partners announced an investment in Skin Tech Pharma Group, a Spain-headquartered global B2B medical aesthetics company producing hyaluronic acid-based injectables and other aesthetic products. Skin Tech founder Dr Philippe Deprez will re-invest as part of the transaction, and Charterhouse plans to support the company’s organic expansion and targeted M&A.

Providence Equity Partners completed its acquisition of VivaGym Group, a leading operator of affordable gyms in Spain and Portugal, from Bridges Fund Management (announced April 29, 2024; completed June 21, 2024). VivaGym’s management team, led by CEO Juan del Río Nieto, will remain in place and re-invest alongside Providence, while Ares Management Corporation continues as VivaGym’s primary lender.

Amber EquityCo S.L.U., a vehicle jointly controlled by TDR Capital and investment funds advised by I Squared Capital, completed the acquisition of a majority stake in Applus Services, S.A. Applus is a Spain-listed global testing, inspection, and certification (TIC) services provider operating in over 70 countries.

GoodLife Foods B.V. signed an agreement to acquire Audens Group Solutions S.L., a leading manufacturer in the Iberian frozen food market. The deal will combine the companies’ complementary frozen snacks and meal components businesses to create a broader pan-European frozen savoury food group. Financial terms were not disclosed and closing is subject to legal and regulatory approvals.

ACON Investments and an affiliate of DeA Capital Alternative Funds SGR SpA acquired a controlling interest in Romar Care Group (Romar Global Care), a Spain-based manufacturer and distributor of personal care, home care, and cosmetics products. The business was previously owned by GPF Partners, and RGC’s management team will retain a material equity stake going forward.

Miura Partners' Impact Fund acquired a 20% stake in Bianna via a capital increase to support Bianna’s expansion plans. As part of the partnership, the parties will create a new rental business, Bianna Renting Services, offering rental access to Bianna’s waste treatment and valorization equipment and turnkey facilities.

Veolia, through its consulting engineering division Seureca, has acquired MRC Consultants and Transaction Advisers, an energy consulting firm based in Spain and the United Kingdom. The deal strengthens Seureca’s energy consulting capabilities—especially in decarbonization strategy, energy system planning and design, and project structuring/financing—supporting Veolia’s 2024–2027 “GreenUp” strategic program.

Axel Johnson International acquired a majority stake in Rodamientos y Servicios S.L. and Royse ISM Servicios Integrales, S.L. (together, “Royse”), a Spanish provider of power transmission products and services. Royse will join Axel Johnson International’s Power Transmission Solutions (PTS) business group, strengthening the buyer’s position in Iberia while Royse continues operating under its existing brand and management.

Guesty, a property management software platform for the short-term rental and hospitality industry, acquired Rentals United, a cloud-based vacation rental distribution and channel management platform. Rentals United will continue operating as a standalone business under its existing executive team, and the combination is intended to expand distribution reach and enable more data- and AI-driven tools for property managers.

Accenture acquired Axis Corporate, a Spain-based management and technology consulting firm focused on financial services. The deal strengthens Accenture’s Strategy & Consulting capabilities in Spain across banking, consumer finance, and payments, and adds Axis Corporate’s approximately 110 professionals. Transaction terms were not disclosed.

EQT Infrastructure VI has agreed to acquire a majority position in Universidad Europea, a private higher education platform operating in Spain and Portugal. The stake is being purchased from Permira, which will retain a significant minority interest following the transaction. The deal is expected to close in Q3–Q4 2024, subject to customary conditions and approvals.

Once For All announced it will acquire Nalanda Global, a Spain-based SaaS platform for supply chain risk and compliance management. The deal expands Once For All’s European footprint into Spain and adds additional worker-level compliance and health & safety capabilities to its product suite. PSG Equity, which previously acquired a majority stake in Nalanda, will retain a minority stake in the combined business after closing.

Liberty Media Corporation, via its Formula One Group, acquired approximately 86% of Dorna Sports, S.L., the exclusive commercial rights holder of the MotoGP World Championship and owner of rights including WorldSBK. The transaction valued Dorna/MotoGP at an enterprise value of about $4.5 billion (equity value about $3.7 billion), with Dorna management retaining roughly 14% and CEO Carmelo Ezpeleta continuing to run the business from Madrid. Sellers included Bridgepoint Capital and CPPIB, which held significant minority stakes prior to the deal.

CVC funds have agreed to acquire the entire stake in Grupo Monbake, a Spanish frozen dough producer and distributor. The stake is being sold by Ardian and its co-investors Alantra, Artá, and Landon; financial terms were not disclosed.

Oakley Capital, through Oakley Capital Origin Fund I, is investing in Horizons Optical by acquiring a majority stake alongside CEO Santiago Soler, who will retain a significant share and continue to lead the company. As part of the transaction, Oakley is buying out the shares held by Sherpa Capital. Horizons Optical, founded in Barcelona in 2017, provides patented medical software used by optical laboratories and opticians to design and manufacture premium progressive spectacle lenses and related scanning equipment.

Bain & Company has acquired PiperLab, a Madrid-based provider of AI/ML and advanced analytics solutions, to scale Bain’s technology and analytics offerings across EMEA. The acquisition establishes an Advanced Analytics and AI hub under Bain’s global Advanced Analytics Group (AAG), integrating PiperLab into Bain’s multidisciplinary delivery teams.

MiddleGround Capital, an operationally focused private equity firm, acquired IT8, an independent engineering services provider offering mechanical, electrical, programming, and construction services. Headquartered in Valencia, Spain, IT8 delivers line automation engineering services (including Body-in-White welding lines) for automotive and intra-logistics customers across Europe and the Americas.

Avista Capital Partners acquired Terrats Medical, a Barcelona, Spain-headquartered manufacturer of dental prosthetics (including abutments and implants), from Miura Partners. As part of the transaction, Terrats’ founders reinvested and will continue to lead the business, and Miura Partners also reinvested and will remain a minority investor to support Terrats’ next phase of international expansion and growth.

Italgel S.p.A., a gelatine and collagen manufacturer and portfolio company of BU Bregal Unternehmerkapital, has acquired Spain-based collagen specialist Protein S.A. The deal is Italgel’s first acquisition and is intended to strengthen its international position, particularly in the sale and distribution of collagen products across B2B and B2C markets.

Intellera acquired PredictBy, a Barcelona-based Spanish research and advisory firm focused on life sciences (health, environment, and pharma) and using data and behavioural science to support decision-making. The deal marks Intellera’s first acquisition outside Italy and is intended to accelerate its international expansion and strengthen its offering to European institutions, including policy advisory work with the European Commission.

ProA Capital has agreed to acquire a majority stake of around 70% in Acrylicos Vallejo, a Barcelona-based manufacturer of acrylic paints for modeling, fine arts, and decorative arts. The transaction values Acrylicos Vallejo at approximately €50 million; current majority shareholder Alexander Vallejo will remain president and retain just over 20%, alongside an investment by the management team.